Bros, the Asian session opened higher in the morning. Currently, gold is falling back to the SMA1O moving average. We will continue to be bullish after it falls back and stabilizes. At present, it has broken through the key resistance level of 3360. The daily line has shown a strong pattern of three consecutive positives. The gold price remains in the rising channel, and the bullish trend is obvious. As the gold price moves up, the short-term moving average moves up with it. At present, 3355-3345 constitutes an important support in the short term, and 3375-3385 above constitutes a short-term resistance area. Whether it can stand firmly above 3360 this week is the key.
Severe overbought in the short term, there are trading risks for long positions at high levels. Short-term operation suggestions for the Asian and European sessions: consider shorting when it touches 3365-3375, and stop loss when it breaks 3375. The target focuses on 3355-3345, and the breakout looks at 3330-3320. On the contrary, if it stabilizes at 3355-3345, you can consider going long.
Severe overbought in the short term, there are trading risks for long positions at high levels. Short-term operation suggestions for the Asian and European sessions: consider shorting when it touches 3365-3375, and stop loss when it breaks 3375. The target focuses on 3355-3345, and the breakout looks at 3330-3320. On the contrary, if it stabilizes at 3355-3345, you can consider going long.
Trade active
The right trading opportunity is never predicted, it is based on the analysis of market trends and the control of news impact. Wolves are good at sniffing out the scent of prey in the jungle law of the market and have enough patience, which is why they can succeed in hunting every time. At present, our TP has been hit, and the trading strategy is still effective.Trade closed: target reached
We made good profits by shorting in the 3365-3375 range in the morning. Then when gold retreated to 3355-3345 and stabilized, we went long again to realize profits. You can always trust the wolf's sensitive sense of smell.
📊Immersed in the trading market for many years, with professional analysis and guidance🎯the average account doubled within 2 weeks🤑. Be a wolf hunting in the trading market🐺never let go of the prey👇 join my wolf pack to get free signals👇
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📊Immersed in the trading market for many years, with professional analysis and guidance🎯the average account doubled within 2 weeks🤑. Be a wolf hunting in the trading market🐺never let go of the prey👇 join my wolf pack to get free signals👇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.